Electronics sector must shift from assembling to component manufacturing: Niti Aayog

India’s electronics strategy must transition from assembly-led gains to component-led manufacturing, a Niti Aayog report released on Friday said. In its quarterly Trade Watch report, the government think-tank said that in order to transition to the next level of manufacturing, incentives to the sector needs to be aligned toward domestic value addition, sustained R&D, and ecosystem deepening supported by anchor investments that transfer technology, improve standards, and generate stable demand for local suppliers.